Replies to post #78 on Appia Rare Earths and Uranium Corp (APAAF)

[antman]

Appia press release May 19,2021 $5.75 mil bought deal


(ii) 3,258,000 flow-through units of the Company (each, a “FT Unit”) at a price of $0.70 per FT Unit. The Offering was led by Research Capital Corporation as sole underwriter and sole bookrunner.


"The gross proceeds from the sale of FT Units (other than the minimal amount allocable to the Warrants) will be used for exploration expenses on the Company’s mining projects as permitted under the Income Tax Act (Canada) to qualify as Canadian Exploration Expenses."

--Flow through (FT) is to be used for exploration purposes at Alces Lakes this summer I believe.